Go First's lessor Accipiter Investments Aircraft 2 on Tuesday moved a contempt plea in the Delhi High Court against the airline for failing to share all the documents related to its leased aircraft.
These documents included technical records, aircraft status documents, and records required to ascertain the airworthiness of the aircraft.
While noting down the airline’s resolution professional’s (RP) stand that he had shared all the records, the HC further directed him to supply by November 30 all the documents to Accipiter and also file a compliance report in this regard. The case will be next heard in January.
On April 26, the HC had asked the Directorate General of Civil Aviation to deregister all the 54 leased aircraft to the airline and process the lessors' applications for deregistration within five working days. While restraining the carrier’s RP from operating, accessing or flying these planes handed over the maintenance work of the aircraft back to the lessors, it has directed him to provide up to date information and documentation related to the aircraft to the lessors.
The HC had also quashed the aviation regulator’s communication against processing the applications of lessors to deregister their leased planes due to a moratorium imposed by the National Company Law Tribunal (NCLT) on the airline's assets.
Pursuant to the NCLT on May 10 last year admitting a voluntary insolvency application against Go First airline and declaring a moratorium on all its assets, the DGCA had informed the lessors that it could not process their applications for deregistration as there was a moratorium on the airline's assets. The DGCA’s decision was challenged by the lessors in the HC.
The grounded airline owes its creditors over Rs 6,200 crore. In its bankruptcy filing, Go First blamed its financial crunch on “faulty” engines of US-based Pratt & Whitney, claiming it was forced to ground 28 of its 56 planes.
These documents included technical records, aircraft status documents, and records required to ascertain the airworthiness of the aircraft.
While noting down the airline’s resolution professional’s (RP) stand that he had shared all the records, the HC further directed him to supply by November 30 all the documents to Accipiter and also file a compliance report in this regard. The case will be next heard in January.
On April 26, the HC had asked the Directorate General of Civil Aviation to deregister all the 54 leased aircraft to the airline and process the lessors' applications for deregistration within five working days. While restraining the carrier’s RP from operating, accessing or flying these planes handed over the maintenance work of the aircraft back to the lessors, it has directed him to provide up to date information and documentation related to the aircraft to the lessors.
The HC had also quashed the aviation regulator’s communication against processing the applications of lessors to deregister their leased planes due to a moratorium imposed by the National Company Law Tribunal (NCLT) on the airline's assets.
Pursuant to the NCLT on May 10 last year admitting a voluntary insolvency application against Go First airline and declaring a moratorium on all its assets, the DGCA had informed the lessors that it could not process their applications for deregistration as there was a moratorium on the airline's assets. The DGCA’s decision was challenged by the lessors in the HC.
The grounded airline owes its creditors over Rs 6,200 crore. In its bankruptcy filing, Go First blamed its financial crunch on “faulty” engines of US-based Pratt & Whitney, claiming it was forced to ground 28 of its 56 planes.
